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Blockchain Car Dossier

Disruptive and emerging technologies are at the heart of many of today’s most groundbreaking and cutting-edge business and consumer solutions. This is truly evident in the rise of blockchain technology and smart contracts, which serve as the technological basis for the Car Dossier project. The combination of new technology, new business challenges and creating a new ecosystem is what AdNovum has been doing for 30 years. These capabilities include technology management, the ability to connect technology and business requirements to discover new opportunities, and scaling into an enterprise environment so maximum value can be achieved.

AdNovum Incubator, together with the University of Zurich, the Lucerne School of Information Technology, the industrial partners AMAG, AXA and Mobility, as well as the Aargau Road Traffic Authority, develops Car Dossier, a blockchain-based digital dossier where all data from a vehicle’s life cycle can be stored transparently and securely. The project is co-financed by the Federal Commission for Technology and Innovation (CTI).

Transparent, immutable and secure

Trust is the basis of many modern social and economic activities. In business ecosystems where trust and transparency are key, companies today often still rely on outdated systems from decades past. As a result, budgets are used for maintenance rather than innovation. In such ecosystems, the adoption of blockchain technology with smart contracts will have a sweeping impact, as it frees budgets and enables the redefinition of business and distribution models.

The used car industry is characterized by a lack of trust, isolated parties and uncertainty, as many unknown parties are involved. The digitization and authentication of a car's history report would be a key element in terms of increasing trust. AdNovum and its partners focus on the case of the ownership transfer within the used vehicle market using a blockchain and smart contracts. As a result, the new blockchain-based system should lead to improvements in trust, transparency and efficiency.

The Car Dossier is implemented on the basis of a blockchain with a community approach in combination with smart contracts. Active in varied industries, AdNovum and its partners bring new and unique perspectives into the project, which creates an ecosystem with countless new business models for each of the partners and their respective customers.

Security by design

With varied stakeholders active within the used-car industry there is a large amount of data involved in storing all information about a vehicle’s life cycle. Within this industry the data is shared amongst unknown parties with independent needs and interests. To ensure that data is shared and stored securely, security must therefore be an integral part of the design of such an ecosystem. Blockchain technology is utilized, as it is able to establish the necessary trust among the different stakeholders through transparency, immutability and decentralized operation.

Car Dossier offers enterprise-grade security by design, enabling regulatory compliance and data privacy. The processing and administration of all information in the dossier is carried out in compliance with current data protection regulations and other regulatory requirements.

Partner

Secure Blockchain for Business

Blockchain is excellently suited for handling cross-company business processes and develops its potential far beyond crypto currencies. It enables trusted, transparent and seamless transactions and a common view of data within an ecosystem.

Therefore, AdNovum is launching Secure Blockchain for Business, a platform that facilitates the efficient creation and operation of blockchain-based business ecosystems, enabling trusted and seamless business interactions across different industries, markets and companies.

‹‹In the Car Dossier project, we cooperate with industry, universities and CTI to create a safe and transparent standard for an open ecosystem around vehicles.››

Tom Sprenger,CTO, AdNovum

‹‹The Car Dossier is an enabler and catalyst for the digitization of an entire ecosystem. A single company alone cannot manage such a large and complex project. This is why a community approach is needed.››

Mathias Loepfe,Head of Incubator, AdNovum

‹‹The Car Dossier is an important contribution to the digitization of administrative processes. It provides us with essential information that makes our daily work at the Road Traffic Office more efficient. ››

Dr. Martin Sprenger,Head of Staff, Aargau Road Traffic Authority

‹‹Due to the changes in the market, we would like to explore the subject of mobility in a more holistic and stronger way from the perspective of our customers and take advantage of the opportunities that new technologies offer us.››

Carola Wahl,Head Transformation & Market Management, AXA Winterthur

Blockchain for the automotive industry: cardossier community to establish association

On March 5, 2019, renowned Swiss companies, universities and authorities founded the cardossier association. The association develops, orchestrates and operates the cardossier platform that digitally maps the life cycle of a vehicle on a blockchain. The goal is to establish the platform as the Swiss standard for data exchange and the execution of processes involving various stakeholders in the automotive industry and thus to promote trust, traceability and efficiency in the ecosystem around vehicles.